Cash flow is what keeps any business alive. Be it a small, medium, or large business, it is what keeps the company operating and moving. When the expenses are growing, the cash flow should have to be made stronger. The expenses should never be made greater than the cash that comes in; or else the cash flow may not be able to cope with the situation. Expenses and cash coming in should be balanced to say the least. If the problem with cash flow is not addressed sooner, a company might go out of business.

The June 2011 Sensis Business Index aimed to measure the confidence and behaviors of Australian SMEs by handling quarterly surveys. In this survey, it was revealed that cash flow problems are among the top or main problems that impact businesses over the last quarter. This cash flow problem was ranked equally with those problems that are being caused by the current economic climate.

After the carbon tax was imposed on companies that belong to the Top 500 most polluting by having them pay $23 per tonne beginning July of next year, the Australian Workers’ Union has finally given its thumbs up. It has vowed to name and shame any company that uses the carbon tax as an excuse to sack workers.

The Union previously warned the government that it will withdraw its support the moment a single job is lost. However, it was stated by Paul Howes, national secretary of the union, that it is quite satisfied at present of the government’s package.

The increase to the instant asset tax write-off from $5000 to $6500 was recently imposed by the government to make the companies that belong to the Top 500 most polluting pay a carbon tax of $23 per tonne from July next year.

Last Sunday, Prime Minister Julia Gillard announced one of the biggest changes to the Australian economy since the GST was introduced. This is ensuring that July 10, 2011 will become “Carbon Sunday”. This means that beginning July 1, there will be a new set of rules that will impact the business landscape. Carbon Sunday is believed to have tangible results in reducing emissions and positive effects on the environment.

The technology sessions at the recent AICPA Practitioners Symposium and Tech+ Conference in Las Vegas has raised one important lesson. That is the manner by which the accountant handles the business could mean the difference between staying in business and retaining clients or being lagged behind the competition and eventually closing the business for good.

However, no one can also put the blame on accountants for the slow response to change. The question here is not really with when they will accept the next wave of change, or if they ever will accept this change. It is how far lagged we will be when this happens.

Do cloud and mobile technologies really provide the answers for most firms?

The answer of AICPA is YES. Though, it has made no statements as to where the profession needs to go. If doubts of this notion arise, then the answer is nowhere else but in the statements and actions of the marketing arm, CPA2Biz, and its president.

A whopping 70% of Australian organizations have recorded cost-savings after utilizing cloud computing. This was found out by Tecala, an ICT infrastructure and solutions provider.

95% of 113 IT decision makers that were surveyed for the study felt that the advantages of using cloud computing surpassed any potential risks. 26% of businesses are looking at migrating to the cloud by the middle of next year.

“It’s clear that organizations are increasingly highlighting cloud computing as a major lever for IT change and investigating its ability to maximize core infrastructure, improve service levels, lower ongoing IT costs, increase agility and enhance user experience and employee profitability,” said Gleuto Serafim, CEO of Tecala.

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